Fraud Detection and Prevention(FDP)Market: Analysis and Insights

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David Wilson 05 Jul 2024

Fraud Detection and Prevention (FDP) refers to the systems and techniques employed to identify, assess, and mitigate fraud-related activities, especially in the financial sector. The FDP mechanisms are designed to analyze data for patterns that may indicate fraudulent transactions, employi

Factors driving the market include the exponential rise in online transactions and digital payments, which have simultaneously heightened vulnerabilities to fraudulent activities. This necessitates robust systems capable of swiftly identifying and mitigating potential threats before they impact users and businesses.The Global Fraud Detection and Prevention Market size is expected to be worth around USD 226.0 Billion by 2033, from USD 36.5 Billion in 2023, growing at a CAGR of 20.0% during the forecast period from 2024 to 2033.

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